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Fly News Breaks for September 10, 2019
MTW
Sep 10, 2019 | 09:46 EDT
As previously reported, OTR Global downgraded Manitowoc to Negative from Mixed. The firm's checks indicate US and Western Europe new crane order growth softened in Q3 and market share momentum seen in June has stalled. OTR lowered its Q3 new crane order outlook to up 1%-4% year-over-year versus 4%-7% previously.
News For MTW From the Last 2 Days
MTW
Apr 22, 2024 | 05:05 EDT
Barclays lowered the firm's price target on Manitowoc to $12 from $15 and keeps an Underweight rating on the shares ahead of the Q1 report. Earnings momentum in the machinery and constructing group could soften in the first half of 2024, which could test the sector's multiple framework, the analyst tells investors in a research note.
